Nordstrom Q1 ‘Solid’ on Steep Earnings Increase

Nordstrom celebrated milestones with full and off-price expansions, and rode consistent foot traffic to sales and earnings increases. In a Nutshell: Nordstrom opened its first full-line men’s store in New York in the quarter and expanded its Rack operations to Canada. The retailer acknowledged the Rack business underperformed during the period due to softness in the women’s…